Cars
Even though the Ford Motor Company - Mazda Motor Corp. alliance was one of the most longstanding partnerships with many benefits for both parties, the Detroit automaker today announced plans to sell more than two-thirds of the shares it holds in the Japanese firm. Ford said it will reduce its stake in Mazda from 11 percent to 3.5 percent, with the transaction expected to be completed on Friday. With this move, Ford gives up its title as Mazda's biggest single shareholder for the first time in 31 years.
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- Vw Group Says "nein" To Suzuki's Request To Return Its Shares
The feud between Volkswagen Group and Suzuki Motors Corp. continued on Monday as the German automaker issued a press statement saying that it has no intention to sell its 19.9 percent stake in the Japanese company despite the latter's request to...
- Report: Mazda To Cut Ties With Ford And Stop U.s. Production By 2013
Earlier in May, we told you about a report concerning Mazda’s plans to discontinue production of its Mazda6 mid-size model at its joint-venture plant with Ford in Michigan. Today, new reports from both Japan and the U.S. are claiming that Mazda...
- Ford Sells 20% Of Its Mazda Stake To Raise $540 Million
Following in the footsteps of GM which announced on Monday the sale of its 3% stake in Japanese carmaker Suzuki for $230m, Ford said that it will sell a portion of its ownership stake in Mazda in a desperate attempt to raise cash to survive through the...
- Rumorville: Ford Asks Denso To Buy Mazda Shares
In times like this rumors are bound to flourish. Following last weekend's unconfirmed reports that cash-strapped Ford is considering selling the majority of its 33,4% stake in Mazda, Japan's Nikkei business daily reported today that the American...
- Porsche Denies Reports About Increasing Vw Stake To 75 Percent
Porsche has denied a weekend report in Germany's second biggest news magazine, Focus which claimed that the sportscar maker plans to raise its Volkswagen stake to 75 percent in order to approve a domination agreement at a shareholder meeting. Last...
Cars
Ford to Sell off Most of its Remaining Mazda Stake
Even though the Ford Motor Company - Mazda Motor Corp. alliance was one of the most longstanding partnerships with many benefits for both parties, the Detroit automaker today announced plans to sell more than two-thirds of the shares it holds in the Japanese firm. Ford said it will reduce its stake in Mazda from 11 percent to 3.5 percent, with the transaction expected to be completed on Friday. With this move, Ford gives up its title as Mazda's biggest single shareholder for the first time in 31 years.
Read more »
- Vw Group Says "nein" To Suzuki's Request To Return Its Shares
The feud between Volkswagen Group and Suzuki Motors Corp. continued on Monday as the German automaker issued a press statement saying that it has no intention to sell its 19.9 percent stake in the Japanese company despite the latter's request to...
- Report: Mazda To Cut Ties With Ford And Stop U.s. Production By 2013
Earlier in May, we told you about a report concerning Mazda’s plans to discontinue production of its Mazda6 mid-size model at its joint-venture plant with Ford in Michigan. Today, new reports from both Japan and the U.S. are claiming that Mazda...
- Ford Sells 20% Of Its Mazda Stake To Raise $540 Million
Following in the footsteps of GM which announced on Monday the sale of its 3% stake in Japanese carmaker Suzuki for $230m, Ford said that it will sell a portion of its ownership stake in Mazda in a desperate attempt to raise cash to survive through the...
- Rumorville: Ford Asks Denso To Buy Mazda Shares
In times like this rumors are bound to flourish. Following last weekend's unconfirmed reports that cash-strapped Ford is considering selling the majority of its 33,4% stake in Mazda, Japan's Nikkei business daily reported today that the American...
- Porsche Denies Reports About Increasing Vw Stake To 75 Percent
Porsche has denied a weekend report in Germany's second biggest news magazine, Focus which claimed that the sportscar maker plans to raise its Volkswagen stake to 75 percent in order to approve a domination agreement at a shareholder meeting. Last...